BRICS leaders have invited six new members to join the powerful economic alliance of developing nations, marking the rise of the Global South in geopolitics and the world’s new political and financial architecture.  Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia, Iran and Argentina officially join BRICS in January next year – in a paradigm shift that would rearrange international politics, dent the petro-dollar system and expedite the demise of the United States of America’s (U.S) empire.   The move…

The leaders of the BRICS countries approved the final declaration of the 15th summit of the association, called “Johannesburg-2”, said South African President Cyril Ramaphosa, which paved the way for Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE to join the economic alliance.  The text of the Johannesburg Declaration is published on the official website of the South African Department of International Relations and Cooperation. “As five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria…

BEIJING, May 31 (Xinhua) — In the wake of World War II, the United States joined many Western countries and built the Bretton Woods system, laying the foundation for the current international monetarysystem and the global supremacy of the U.S. dollar. Almost 80 years later, the greenback is still the world’s dominant currency. Yet the United States, perhaps unintentionally, is accelerating the de-dollarization process because of its kick-the-can-down-the-roadstyle of addressing the destructive cyclical debt crisis, and the almost out-of-control impulse…

BEIJING, July 5 (Xinhua) — The talk of de-risking from China has been gaining ubiquity among Western politicians and business communities recently, while the de-coupling approach seems to be put away, at least in rhetoric. Don’t get fooled. The nature of the new De-word is in fact to re-define risk and decouple from China in selective fields like high-tech and other key areas where those Western powers want to maintain their global dominance. For those who carefully craft and embrace…

BEIJING, May 25 (Xinhua) — In the just-ended Group of Seven (G7) Summit in Japan, a symbolic show of solidarity couldn’t paper over cracks in the group. Selfish Uncle Sam has made it increasingly difficult for the bloc to forge a unified will as more countries realize that the world’s sole superpower is maneuvering to remould the group into a geopolitical tool forconfrontation and conquest. The mutual respect between the United States and its allies, if there is any, has…

The upcoming BRICS Summit in Johannesburg next month is important for South Africa, the African continent and the global south. The gathering of the world’s major developing countries is expected to discuss a common currency and admit or agree on criteria to admit new members.  Countries which have either applied or lined up to join the global South economic alliance include regional powers such as Saudi Arabia, Egypt, Argentina, Iran, the United Arab Emirates, Nigeria, Pakistan, Mexico, Algeria and Senegal. Formed…

Brazilian President Luiz Inacio Lula da Silva has approved a law providing for equal pay for men and women in the same position. Moreover, the Head of State approved two other laws. One includes moral and sexual harassment and discrimination in the list of ethical and disciplinary violations by the Brazilian Bar Association (OAB), which could result in the suspension of lawyers. Another proposal, approved by the president, gives priority to pregnant and postpartum women upon renewal of the Bolsa…

NISSAN Motor has announced some executive committee changes that will take effect from July 1. “In response to the constantly evolving market conditions, we will introduce a flatter and agile leadership structure, which will further empower regional and functional leadership,” said Makoto Uchida, President and Chief Executive Officer (CEO) of Nissan. “The new executive committee will work as a cohesive team to accelerate Nissan NEXT progress in the final year of delivery and formulate the next mid-term plan to realize…

BEIJING, June 19 (Xinhua) — Chinese President Xi Jinping met with U.S. Secretary of State Antony Blinken at the Great Hall of the People on Monday. Xi pointed out that the world needs a generally stable China-U.S. relationship, and whether the two countries can find the right way to get along bears on the future of humanity. The Chinese, like the Americans, are dignified, confident and self-reliant people, and they both have the right to pursue a better life, he…

BEIJING, June 14 (Xinhua) — With more than 40 years of reform and opening-up, China has eradicated extreme poverty, lifted about 800 million people out of poverty, and brought over 400 million people into the middle-income group. This is a miracle in the history of human civilization and has far-reaching implications for global human rights governance. The United States has never considered poverty eradication a human rights issue, while Europe considers it an obstacle to the realization of human rights…